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The Fifth Experiment On Tunisia Cbdc Is Being Conducted By The French Central Bank Fintech Bitcoin News

The French central bank, Banco de France (BOF), recently conducted its fifth experiment on the Central Bank of Tunisia’s central bank digital currency (CBDC).
According to a statement from BOF, the current trial is part of the banks’ collaborative attempt to establish conditions that are “conducive to a better participation of the Tunisian diaspora in Europe.”
He went on to say that the success of this experiment provides an chance to begin thinking about the deployment of alternate routes for cross-border transfers initiated by Tunisians in Europe to Tunisia.
According to a news release, this experiment involves simulating the issue and settlement of unlisted stocks as well as the settlement of listed securities on a private blockchain.
Securities settlements were mimicked using a central bank digital currency that was issued on the blockchain.
Cooperation between central and commercial banks, on the other hand, necessitated the creation and implementation of smart contracts so that the BOF could issue and regulate the circulation of CBDC tokens while ensuring that each transfer occurs concurrently with the delivery of securities.
“This experimentation has helped appreciate the desire of the interbank MNBC for the execution of retail cross-border transfers by turning to cooperation between commercial banks and central banks for the construction of more efficient processes,” Nathalie Aufauvre, the banks director-general of financial stability and operations, said on behalf of BOF.
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